supermariobros
New Member
- Messages
- 1
Personal details
Your age: 42
Your spouse's age: 42
Number and age of children: 6, 8, 11
Income and expenditure
Annual gross income from employment or profession: 110k
Annual gross income of spouse/partner: 50k
Monthly take-home pay: 8400
Type of employment - I'm privatly employed, spouse is civil servant
In general are you:
(b) saving,
Summary of Assets and Liabilities
Family home value: 800k
Mortgage on family home: 190k
Net equity:610k
Cash: 20k
Defined Contribution pension fund: 200k
Total net assets:830k
Family home mortgage information
Lender: Moco
Interest rate: 3.8 fixed, 1 year left
Remaining term: (Original term is not relevant): 22 years remaining
Monthly repayment: 1065
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month? Yes
Pension information
Spouse has a HSE pension, working half time right now, will have the majority of the pension from the 90k role, so estimated lump sum of 90k and 21k per year.
Value of pension fund: I have 200k in PRSA / company pension
Both on track for contributory state pension
Buy to let properties
None
Other savings and investments:
None
Other information which might be relevant
Life insurance, income protection, specified illness, mortgage protection, health insurance all in place
What specific question do you have or what issues are of concern to you?
I am considering a career change which will limit my ability to do pension contributions for a while. I feel we are in a fairly ok place to make that happen once we cover living expenses. Am I right?
Your age: 42
Your spouse's age: 42
Number and age of children: 6, 8, 11
Income and expenditure
Annual gross income from employment or profession: 110k
Annual gross income of spouse/partner: 50k
Monthly take-home pay: 8400
Type of employment - I'm privatly employed, spouse is civil servant
In general are you:
(b) saving,
Summary of Assets and Liabilities
Family home value: 800k
Mortgage on family home: 190k
Net equity:610k
Cash: 20k
Defined Contribution pension fund: 200k
Total net assets:830k
Family home mortgage information
Lender: Moco
Interest rate: 3.8 fixed, 1 year left
Remaining term: (Original term is not relevant): 22 years remaining
Monthly repayment: 1065
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month? Yes
Pension information
Spouse has a HSE pension, working half time right now, will have the majority of the pension from the 90k role, so estimated lump sum of 90k and 21k per year.
Value of pension fund: I have 200k in PRSA / company pension
Both on track for contributory state pension
Buy to let properties
None
Other savings and investments:
None
Other information which might be relevant
Life insurance, income protection, specified illness, mortgage protection, health insurance all in place
What specific question do you have or what issues are of concern to you?
I am considering a career change which will limit my ability to do pension contributions for a while. I feel we are in a fairly ok place to make that happen once we cover living expenses. Am I right?